US Plans Broad Financial Cutoff Against Iran, Treasury Says

The US Treasury secretary, Scott Bessent, says the United States is preparing what he calls the “greatest financial offensive ever” against Iran. In his statement, he said the US will sever all economic ties with the country, aiming to sharply reduce Iran’s ability to access global finance and conduct international transactions. Bessent also warned that the impact will not stop at Iran’s borders. Any nation that partners with Iran financially could face isolation from the US. That means the US may impose restrictions that affect banking, payments, and trade links, making it harder for other governments and companies to work with Iran through financial channels. Overall, the announcement signals a broad, coordinated effort to increase pressure through economic tools rather than direct military action. The US is trying to discourage cooperation by raising the cost of doing business with Iran, while also limiting Iran’s options in the international financial system. Source: BBC World.